(d) The Government of India has established NITI Aayog to replace the Planning Commission. The Union Government of India announced formation of NITI Aayog on 1 January 2015 and the...
It is true that measure of price elasticity of demand for a normal good carrier minus sign because there is an inverse relationship between P and Q. Whereas there is...
Balance of trade account includes only visible items of trade. It is defined as the difference between export of goods and import of goods. Balance of trade account = exports...